Payroll
| Employee Pay Day |
Biweekly: Every 15th and final day of the month Final pay on termination must be paid within 30 days of the termination date. |
| Client Payroll Cut-Off Date | |
| Employee Reimbursements |
Approved expense workflows received by Approved expenses received after this date may be paid in the following month. |
Statutory Social Contributions
This list is exclusive of employee benefits such as insurance, and additional contributions you would like to add for your employees. For a list of mandatory and optional benefits, head to Benefits <link>.
| Social Security System (SSS) + Mandatory Provident Fund (WISP) |
SSS is a state-run, mandatory social insurance program that employees and employers must pay into monthly. The purpose of this program is to provide benefits and services to employees such as:
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| Bureau of Internal Revenue (BIR) |
BIR is the Income Tax Authority in the Philippines. Employers do not have to contribute to employee tax but are responsible for withholding tax from employee pay. This includes registration, year-end adjustments and refunding excess tax. There is a tax-free allowance of 250,000PHP per annum for employees. Any excess to that amount will be taxable from 15-35% (exc. De Minimis Benefits) |
| Philippine Health Insurance Corporation (PhilHealth) |
PhilHealth is national health insurance Program that provides in-patient and out-patient health insurance coverage for Filipino citizens. This allows employees to use health services by the covered beneficiaries of PhilHealth for various health issues such as
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| Home Development Mutual Fund (Pag-IBIG/HDMF) | Pag-IBIG is a government-owned national savings program for employees (if eligible criteria is met) to aid affordable shelter financing. Employer and employees must contribute to Pag-IBIG and the employer is responsible for ensuring these payments are remitted on time. The aim of this savings program is to enable employees save and loan for a variety of circumstances such as housing and calamity. |